Even with the new 100% tariff on electric vehicles imported from China, BYD would still have the cheapest EV in the US. According to a new report, BYD’s lowest-priced EV would still undercut all US automakers at under $25,000.
After discontinuing the production of vehicles powered entirely by internal combustion engines in March 2022, BYD has been at the forefront of the industry’s shift to EVs.
Honestly in my opinion it is time to remove all tariffs on EVs under 25k and let anyone who wants to fill that slot in. American car manufacturers refuse to fill the market need.
And we’ve been subsidizing ours too. We just do it differently than straight up handing them money. (Although we’ve done that before too)
The main issue is that China seems to subsidize BYD quite a bit more than other countries do. In addition, this seems to match China’s general policy of finding ways to give its own companies advantages in foreign markets, while limiting the equivalent from other countries
Yes, yes, yes.
But why does the West, which has been technologically ahead the entire time, can’t produce a cheap simple EV?
Like sure, China is propping up their shit maybe more than the West is, but why can’t we get one small inexpensive simple car?
I mean the tech is still new as well as the point that SSJMarx mentioned. To add to the list of reasons to make expensive version of cars first:
- New tech is more expensive usually
- Not everyone has the budget to openly spend 20K plus on a new vehicle, which means lower demand
- Since not everyone will just buy a new car, companies need to make as much money per unit sold which means luxury cars make more sense
- additionally lowering demand is the fact that not everyone wants an EV or feels comfortable driving them (due to its different fueling method)
I do expect that over time manufactures will begin to release cheaper EVs over time that are aimed for average consumers.
